Swatch is set to launch its own smartwatch in April to take on the Apple Watch. The move will see the two firms go head to head in a battle for the lucrative market. Swatch boasts its watch won't need recharging - while Apple says its will have to be recharged every night. Scroll down for video Swatch hit out at apple and Google's plans, saying 'Technology alone doesn't sell, not in watches.' The rewards are potentially huge for whoever comes up with a winning formula. Andrew Sheehy, chief analyst at Generator Research, sees the retail value of wearable Internet-connected devices at $93.1 billion by 2018, versus $4.1 billion in 2014, with smartwatches accounting for about two thirds of the market's value in 2018.

'Development for
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Apple watch is right on Schedule, and we intend to begin shipping in April,' he said.


NEW ALBANY, Indiana (CNN) -- President Bush vetoed a $600 billion spending bill Tuesday, accusing Democratic leaders of wasting money and plotting tax increases, then took his budget fight with Congress on the road. Congress should cut spending "and send me a responsible measure that I can sign into law," President Bush said. "The majority was elected on a pledge of fiscal responsibility, but so far, it's acting like a teenager with a new credit card," he said in a speech in New Albany, Indiana. The bill -- which Bush said was laden with $10 billion in "pork" -- would have funded the departments of Labor, Education, and Health and Human Services. It also would have funded projects such as a prison museum, a sailing school and a program to teach Portuguese.

The measure sets up another confrontation with the
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House.


(CNN) -- Pressure is mounting on Republicans to address spreading public protests against Wall Street. How they answer could shape the political landscape from here to the November elections. Republicans haven't had to pay much attention to Occupy Wall Street till now -- they could afford to sniff that the crowds in Zuccotti Park looked more like Woodstock than Wall Street. But as demonstrations have sprung up across the U.S. and Europe, reverberating through social media and gaining more serious attention from mainstream media, politicians must pay more attention. President Obama and fellow Democrats have already leapt to the support of protesters. The cries of frustration and anger from the streets dovetail perfectly with the president's own shift leftward, populist stance, efforts to blame the rich for America's economic woes, and demands that they pay higher taxes. So perfect is the fit that some conservatives suspect that Democratic partisans are quietly fueling the protests.

Some in the
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GOP hope the protesters will disappear with the first frost, taking the controversy with them.